Examlex
Which of the following statements accurately characterizes the period of the 1960s and early 1970s?
Open Market Purchases
Transactions where a central bank buys government securities from the market to increase the money supply and stimulate economic activity.
Excess Reserves
The capital reserves held by a bank or financial institution in excess of what is required by regulators, central banks, or other governing bodies.
Recession
An interval of short-term economic slump, where commercial activities and industrial operations decline, often determined by a fall in GDP for two back-to-back quarters.
Federal Reserve Bank
The central banking system of the United States, which regulates the U.S. monetary and financial system.
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